>> stephen weiss? >> soda, they are going to sell a lot of soda dispensers this holiday season. >> you have one, you like it? >> you have one. >> i have one, i like it, too. full disclosure on this program. murphy? >> target. buy target here. i think a great holiday season. the stock recently pulled back about 7%. >> more "fast money" airs tonight at 5 p.m. eastern time. please follow me on twitter at scott wapner cnbc. following the market on "power lunch" as well. that starts now. lace them up, halftime is over. the second half of the trading day starts now. >> it sure does, scott, thank you very much. the stakes are getting higher. state governors meeting with president obama to express their fears about the fiscal cliff while both sides squabble. we are going to get an expert lesson from a best-selling author on the art of getting deals done. investors are getting ready for friday's crucial employment report. so where are the jobs right now who is hiring? who is creating them in the face of the fiscal cliff?

we have got the answers and they may surprise you. and let the debate begin. it's a little fuzzy, roll the tape. there you go a new study says high-speed trading on wall street is hurting the small investor and even puts a price tag on exactly how much the little guy is getting killed. you know they're talking about that one, sue, down at the new york stock exchange. how are you doing, sue? >> great, ty. indeed they are talking about that and we are going to talk bhort exact numbers on that study in just a few minutes. stocks are steady. talks continuing in washington. we are just down about 12 points on the dow jones industrial average, 27 days until america goes over that fiscal cliff. the president just finished answering questions on the issue after meeting with governors at the white house and our political correspondent, john harwood is live at the white house and eamon javers is talking with key congressional players on those talks. john, first to you. >> reporter: the president talked to our colleagues at

bloomberg and talked about the republican offer from speaker boehner on the fiscal cliff resolution. he said it was out of balance because the speaker has not agreed to rate increases but the president identified a two-step process by which he is hoping still to reach an agreement before the end of the year, if he can get republicans to give on the top rate. he said that first of all, we can't do a fundamental tax reform in the next two weeks. we simply have to have a down payment before the end of the year and then commit to tax and entitlement reform during the year of 2013. he also specified, and i think this is significant, that he thought 300 to $400 billion over ten years is about what you could raise by closing loopholes and trimming deductions. this is a -- this is a way to come to grips with how to get to the revenue target the president wants. let's first of all listen to -- we have got a piece of sound from that interview. let's listen to the president. >> when you look at how much

revenue you can actually raise by closing loopholes and deductions, it's probably in the range of $3 to $400 billion. that's not enough tobalanced pl actually reduces the deficit and putts on a path to long-term stability. what i need, what the country needs what the business community needs in order to get to where we need to be is an acknowledgement that folks like me can afford to pay a little bit higher rate you if we combine that with a tax reform process and entitlement reform. then we can get a $4 trillion deficit reduction package. >> you can begin to see, if you take $400 billion in deductions, combine that with a partial increase in the top rate, remember, the president proposed to get about $1 trillion from raising the top rate to 396, you can see how some of the elements of a revenue package come together. one other note from that interview, tyler and sue, was that the president was asked will you bring a big business

executive into your cabinet? he said i would love to. i'm in constant conversation. one of the challenges, though, is the confirmation process, which is difficult and forbidding for a lot of those business executives to go through. it is, indeed, john. from what you heard from the president today, do you sense that they are inching ever closer to a deal or are -- is the gap still as wide as it was on the sunday talk snows >> there is still a significant gap but i think the public gap is bigger than the private gap. what the white house is trying to do is break down republican resistance on the top rate as the entry way to getting a deal. and i think the president will fight very hard for that because he knows if he simply does nothing, the tax increase, tax rates will go up for everybody on december 31st and then he will be able to propose tax cuts for the middle class. >> indeed. john, thank you. ty, over to you. >> sue, thank you vet. go to the other end of washington now, capitol hill, where eamonoffers is standing

by. >> the storyline on capitol hill is whether or not speaker of the house john boehner can hold conservatives, even as he is negotiating down the other end of pennsylvania avenue, as you say with president barack obama, the speaker making that $800 billion proposal yesterday, but that is not sitting very well conservatives up here on capitol hill. take a look at this statement from senator jim demint of south carolina, conservative republican. he said speaker boehner's $800 billion tax hike will destroy american jobs and allow politicians in washington to spend even more while not reducing our $16 trillion debt by a single penny. that's jim demint you can the con s -- the conservative senator. i talked to mitch mcconnell, the republican leader up here. he didn't seem as bothered by the boehner proposal. he told me i'm glad that they are at least talking and harry reid said something very interesting to me, the democratic senate leader. he said that boehner might be in a position now where he has to

choose between keeping the speakership and protect country, very tough stakes from harry reid, really putting you the pressure on speaker boehner. tyler? >> we are hearing word that potentially new senator elizabeth warren of massachusetts may join the senate banking committee. have you heard that? what does that mean? >> we have heard that. we have been able to confirm that independently. and it is something that the wall street lobby here in washington was expecting to see. they thought that elizabeth warren would angle into and be able to get it under harry reid. i think the question now from what kind of senator does elizabeth warren become? a lot of folks here think she will try to broaden her mandate a little bit outside of the wall street bailiwick and try to do something a little bit more mainstream with a little bit more broad appeal, a la hillary clinton in her first couple of months up here on capitol hill. they don't expect her to focus entire loin the consumer financial protection bureau, for example. they think she would like a larger beach head on capitol hill and i think that is where

this is going. >> thank you very much. take it down to sue at the nyse. >> i have kenny poll carry, independent trader at the nyse with me. you made a note in your morning note that we are stuck this in range until we get progress. >> look where we are, between 1400 on the downside you can and 1420 the upside. today, done absolutely nothing, at 1404, 1406 all day, not a lot of action, not a lot of activity at all. people just in this wait and see mode, right? more chatter out of washington. i think a lot of people expecting the interview with the president, hear what he had to same the market got weaker after spoke. >> down 18 point on the trading session now the volume disturbing now, because there is none. >> that just tells that you investors are, a, exhausted, and b, not going to make decisions until there's more clarity. until there is clarity, this is what we will be stuck n >> might as well start the feast of the seven fishes. >> the lobster sauce. >> recipe tonight. listen, got celebrate something. >> start somewhere. all right, kenny, thanks very

much. ty, back over to you. >> thank you very much, sue. one impact of the upcoming fiscal cleave is the sheer number of companies announcing dividends, all in an effort a-to-avoid tax hikes set to kick in at the end of the year. more than 100 companies announcing almost $23 billion worth of payouts. there you see a scroll of so many of them. those coming in the fourth quarter. good for shareholders but really good for the big shareholders. our wealth editor, robert frank, knows some of those big shareholders, those wealthy guys. he is there isn't just altruism and doing what's right for shareholders, charity does begin at home in this case. maybe altruism with benefits. let's take a look. more than 110 companies have announced special dividends of the fourth quarter, three times last year's fourth quarter. it is all a race against the tax man. if we go over the cliff, tax rates and dividends can go from 15s for 43.4%. by taking dividends before december 31st shareholders and

ceos can save millions of dollars. now, mickey aaronson, $89 million from the carnival dividend, giving him a potential tax savings of $25 million. larry ellison, $199 million from the oracle dividend. his savings alone, $56 million. tom frist at hca, the hospital operator, will get more than $350 million from that company's dividend, saving $100 million. kkr and bain, also a big piece of that dividend. the king of all dividends this quarter, sheldon adelson, he gets $1.2 billion from that sands corps dividend. his tax savings alone could be more than $340 million. of course, as tyler mentioned, all shareholders benefit from dividends, many of the ceos and owners reduced themselves from these dividend votes but the companies tend to have higher insider ownership. the average inside ownership for these dividend payers is around 27% that's much higher than the overall average of 7%.

yes, tyler, good for shareholders but even better for the large shareholders. back to you. >> this, of course, all driven by the tax hike. you got to say those people who say taxes really don't make that much difference, it does change behavior. >> absolutely s seeing the market, not just in these dividend bus people selling stocks. >> houses. >> selling houses. >> businesses. >> george lucas saving up to $200 million selling his company. so, you know, yes, we are seeing all that income going into 2012. that means the tax nan 2013 is going to get a lot less than they really expect. we don't know what it really means for the economy. >> more in 2012 than they otherwise would have gotten. >> absolutely. >> maybe after the first of the year with all these folk, see more spending on luxury items as well. people probably spend some. >> we hope so. >> sue, thanks. guys, we are watching shares of facebook today the social media giant unveiling a new tweak to its instant messaging app. facebook up just about 2%. you don't even have to be a member to use this new app and

julie boorstin is in los angeles with the three things you need to know this deal. hi, julia. >> hi, sue. well, facebook is continuing its big push to make money on mobile users by offering its messenger app to billions of people around the world with phones and no longer limiting that app to facebook users. here's the deal. first, mobile messenger is a free app for texting, group chat and photo sharing with no per-text fees. just carrier's regular data costs. doesn't yet yield direct revenues to facebook but it is serving as a gateway to join the social network where traffic does translate to profits. second, this is a big emerging markets play. facebook is stream lining the signup process to appeal to the billions of people who don't have easy access to e-mail or a computer but who do own phones. third this is all about facebook doubling down on mobile where it is experience the fastest growth and now looking for profits to match. it could easily attach ads to messenger as it rolls out more

mobile ads. now, facebook is so determined to make it size for people to use messenger around lure them into social network, it is actually working with mobile carriers in india and indonesia to offer some discounted and free data just for use of this messenger app. sue, over to you. >> julia, thank you very much. breaking the political stalemate on capitol hill, we are holding our congressional leaders accountable and urging them to get an agreement on that fiscal cliff. an expert lesson on the art of getting the deal done. plus, wake up and smell the coffee, a bullish call today on dunkin' brands and other players. we have the smartest flies cav nate your portfolio, when we come back.

when we got married. i had three kids. and she became the full time mother of three. it was soccer, and ballet, and cheerleading, and baseball. those years were crazy. so, as we go into this next phase, you know, a big part of it for us is that there isn't anything on the schedule.

people becoming more conservative and i think that had an impact in had the growth in '13 all things being equal and in danger if this thing stringings out into '13 start to have problem what is '14 would look like. >> that was bank of america ceo brian moynihan speaking exclusively with our becky quick on the impact of the fiscal cliff, repercussion does go well into 2014 inside now from one of the best known negotiation experts around, harvard business school professor deepak ma hallow and author of "i moved your cheese" and genius, pleasure to have you here. >> pleasure to be here. >> i you noticed from the notes,

you said we begin a negotiation and taking this out of the political context and talk about large-scale negotiations, per say you have to think two steps ahead. why? wh what does that give you? >> if you don't play out the negotiations and see what's going to happen week or month later in the event there is no deal, you're not going to pick the right strategy up front r the current negotiations, for example, both sides thinking about what changes after december 3 11st. if you can look ahead and see things are worse for you in january than now, may want to try earlier to get a deal before it is too late. >> one thing we have noticed a lot of this seems to be playing out in the president coming to the mic, the speaker coming to the mic is that posturing, part of the negotiation process or different because it is such a

public situation? >> it is posturing and also understandable, the problem it is also a little bit dangerous, perfect sense for both sides to come out and take extreme positions to rally their base, show the other side they are not going to concede too much that they are tying their hands a little bit with their own constituents with their own base. the problem is when you eventually do have to go behind closed doors, the more strongly you've committed to not doing x and not conceding to y, when you get into negotiation, there may be no space left to reach a deal with the other sidism you need to balance it. perfect sense to go out there and say i publicly commit to not doing that but you got to make sure there is enough slack, wickle room left, the two sides can come together and reach a deal. >> professor malh. tra, you argue in both sides, in theory and in logic, would actually have a better deal if they reach that deal before december 31. but my question four you there are also compelling reasons why neither side would want to reach a deal by december 31.

and there are also those sort of illegal reasons that have to do with assigning blame to one party or the other around the politics of the situation. so, how do you deal in a situation where logic is not the only thing that matters? >> well, the good news is logic is never the only thing that matters so you always have to take that into account. but all of the factors you mentioned are correct and what you need to do as an effective negotiator is figure out where it all nets out. so, for example, in the fiscal negotiations, when we get into january, it is true, the republicans will be in a bit of a worse position than they are -- than the democrats are going to be and the reason is partly because the polls show they are going to be blamed more for being over the fiscal cliff and also because the marginal tax rates are going to automatically increase, which means any lower tax rates president obama will ask for is tax cuts and not an argument you are raising taxes on someone. for all those reasons, the democrats have a lot of leverage

in january but that does not mean the democrats should wait till january, what happens after december 31st is everybody can lose. the kind of pressure we have psychologically and politically right now to get a deal done before we hit 2013, that kind of pressure and deadline pressure and momentum you're not going to have after you're over the fiscal cliff. so every day that goes by after january 1st isn't going to look like that big of a deal and essentially, time will run out for both parties, you will have a lot of problems in 2013, they will take the lion's share away from fiscal dealmaking, senate confirmation, have the debt ceiling, the long-delayed nuclear negotiableses with iran, going to have posturing for the 2014 campaigns. all of those things are going to suck out the moment up that we have right now. so, yes, democrats are not as bad off as the republicans, but that doesn't mean they should be waiting either. >> i know this is going to be a hard question to answer quickly, but i must ask it, if you were advising the president privately on what his stance should be and conversely, advising speaker boehner what his stance should be privately, in a nutshell, how

would you tell those two gentlemen to proceed? >> all right, well, the nutshell is hard, as you mentioned what i would say to both sides you got to remember, in negotiations, you winning is not the same as them losing and in this case you what, that means is i think there is a deal to be struck prior to the marginal tax rates increasing for everyone, where president obama gets tax rates to stay where they are at current levels for people to under $250,000 in income and for those that are above, there may be a balanced approach where you do see some increase in marginal tax rates for people that make more than $250,000, but the rest of the money comes in the form of tax reform, phasing out of deductions, eliminating loopholes acre long the lines that john boehner is asking for. and so what i would ask them to do individually or collectively is stake out whatever positions you want but leave yourself enough wiggle room to be able to come up with a middle ground on that one issue and if you can use that as this first starting point for a compromise, then the

rest of the negotiations ton sequestration, on the spending cuts, payroll tax cut, all of those become easier as part of a grand bargain. last thing i would tell them, make sure if by december 31st you can't have a signed deal, you at least have all the elements of the deal in place you can in the right time the coming days and weeks, check each one off before it's too late. >> professor, maybe we should send to you washington, sounds like you might be able to get both sides together. >> well, i will stand by my point and fee it happens. >> thanks, professor. appreciate it. in today's yahoo! finance question, we asked bank of america ceo brian moynihan, says the impaukt of the fiscal cliff could stretch into 2014. do you agree with him? weigh in and go to finance finance.yahoo.c finance.yahoo.com. results later on "power lunch." sue, shares of dollar tree under pressure after a downgrade callout today on dunkin' donuts and the other big coffee players, too, but are they right, those calls? we will analyze the analysts.

plus investors counting down to friday's crucial employment report. where are the jobs now, who is creating them in the face of the fiscal cliff? there are some surprising answers here and we have got them for you. [ male announcer ] this is amy. amy likes to invest in the market. she also likes to ride her bike. she knows the potential for making or losing money can pop up anytime. that's why she trades with the leader in mobile trading. so she's always ready to take action, no matter how wily... or weird... or wonderfully the market's behaving... which isn't rocket science. it's just common sense. from td ameritrade. it's just common sense. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores.

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making buy ratings on shares of the four coffeemakers, let's look at them, you there see, two up, two down, what do you think? >> coffee prices in general, major input costs, 25% off their thighs year. what would like about it, it is sweeping. within this break, different stories to different companies. dunkin' donuts, i don't like that much, haven't had good revenue growth, seem kind of expensive to earn eggs. starbucks i like, that's -- i definitely like them, settled above 5280, i would be interested in buying starbucks. what i like more are tim

hortons, the valuation now. good revenue growth, good earnings growth, the chart is very appealing because your stopout level very defined. go below 45 1/2, you are out. caribou coffee, above 12 1/2 today, i like it made very ventures into bakery, cold drinks seemed successful so far and good revenue growth. >> choices there caribou and horton? >> i think so >> move to morgan stanley, upgrading dollar tree equal weight, raising the price target to family dollar 85 to 77. ringt fam doll larity same and overweight. the latest sur acres have consumers tend to increase spending within the dollar channel. two different stock stories for these companies, as you see right there. one is basically flat for the year. family dollar higher by 22%. >> i agree with the call. here is what is interesting in the note. said if we go over the fiscal cliff that is going to be a negative for the demographic that shops there. they will have less disposable income.

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prices on gold are closing right now and the market fell below the 1700 mark in gold, the first time we have seen that since early november. sharon epperson is tracking the action at the close for us from the nymex. >> looks like women see the first close below the 1700-mark in a month as well a lot of activity here in the gold market this morning and the pressure comes as traders tell me many global macrofunds are seeing redemptions here ahead of the end of the year, whether it is fiscal cliffs relight tax related or just year-end book squaring and seeing in the last

week, a lot of options activity you particularly put options, pets that we are going to see lower price. seeing more action around the 1675 level, something the traders are say is the next technical level to watch. keep your eye on the etfs and silver as well, sold off quite a bit today but still up about 18% year to date. back to you. >> thanks so much. bob pisani is here on the floor of the nyse, steady as she goes, caught in the narrow range today. >> sectors either side of positive or negative, a few individual groups are meeting, i want to highlight, a lot of questions about the retailers. historic high yesterday a number very weak. a lot of questions on gap. the reason gap is down is made some very cautious comments on gap, citing competition concerns, specifically talked about kohl's high inventory level that might cause them to

be aggressive with promotions. weather unseasonably warm, not good for apparel. consumers hesitant. dashed.came out cutting guidance, own red lobster, cited consumers out there. playing in with the slight consumer slow down trend, see the notable restaurants down three 3, 4 or 5%. finally, sue, the bank index dropped here today and i can telling you the reason for that one today. elizabeth warren named the senate banking committee. ms. warren is a leading supporter of being very aggressive on banking regulation. the minute we sort of got confirmation of that, see the bank stocks moving to the down side >> go back to bertha. she has more information on gap. bertha? >> one of the other things a lot of folks seeing who might be the next company to issue special dividend or accelerate dividend and some looking to began. i spoke with analyst betty chen at web bush and she says the rumors have been out there maybe

they might but doesn't think they will. they are normally very aggressive with dividends vand been in the past but this year, trying to recent benefits of some of those investments and some of those pay down and a lot of the cases, tyler and sue, often when there is a major shareholder pushing for this and she doesn't think that will be the case with gap. >> thank you very much, bertha. take a look now at the bond market. rick san telly is off today, his pale substitute is here that would be me. treasuries moving higher in price, as you see there the two the five you can the 10 and the 2 3 0 with the yields commensurately lower. a rick i asks so pointedly and often, would you lend the federal government your money at 1.6% for ten years? evidently, a lot of people l i wouldn't. go back to january harwood at

the white house, president obama talking about the fiscal cliff. john? >> i wanted to play a soundbite from the bloomberg interview that i mentioned to sue a few minutes ago. one yes offered a carrot to say if you do that in the short term, put revenue on the table concretely in that way, we will have a long process of tax entitlement reform that could end up reducing the rate in 2013. here is the president. >> not able to come up with a comprehensive tax reform package that gets it all done just in the next two weeks. we are not going to be able to come one necessarily comprehensive entitlement reform package that gets it all done in the next two weeks. when you luke at what ronald reagan did back in 1986, working with bill bradley and others, that was a year and a half process. what i have suggested is let's essentially put a down payment on taxes, let's let tax rates on the upper income folks go up.

>> now, the difficulty of tax reform has been a concern of the white house throughout this discussion, all the way back to 2011. it's why they insisted on the top rates going up. at that time, they ultimately didn't get their way, they were extended the end of 2010, but now the administration believes that you cannot bank on tax reform up front. you have got to bank the money. then maybe see if that process bears fruit, as it did for ronald reagan in 19 1986. >> appreciate it. when it comes to picking stocks, our next guest remains cautiously cautious and says the perfect couple boils down to price and value. joining us now wally whites, the manager of the whites partners three opportunity fund, a five-star midcap blend with $570 million under management. welcome back. nice to see you. >> thank you. >> you're cautiously cautious.

why is it, does it have to do with valuations or the political environment we find ourselves in now? >> it has to do valuations. we look stock by stock and love our companies but their prices are just reasonable and we prefer cheap. >> you prefer a lot of cash, correct? >> we have cash of 25 to 35% in our various stock funds. again that's a function of valuation. we would love to see investing public get scared about something and allow us to buy more of our stocks down 10 to 15% where they are today. >> you are looking at opportunity 15% below where we are now in the market. what kind of properties are you looking at and stocks are you looking at at this point? what makes a good stock for you, other than value? is it cash generation? is it niche plays? how do you pick the components of the portfolio? >> companies that generate more cash than they need to operate in the business. and management that we really

trust to redeploy that cash well. that can be a bank stock like wells fargo, cab pharmaceutical stock like valiant. can be john malone's liberty companies we own three of four of those. >> you own liberty media, liberty global and qvc. >> qcv is liberty interactive. >> right. what would you stay away from now, other than the valuation play, certain sectors of the market that you think really are not at all attractive? technology had a tough sledding to have lately? >> i hate to make a blanket statement. there's a lot of problems out in the world and you know, raw materials depend a lot on china. we don't buy a lot of commodity companies. technology we go -- we go case-by-case and sec particular

trends that worry people a lot and have maybe made some of those cheap. microsoft at 26 is a wonderful cash-generating battleship that is not going to be made obsolete by ipads. by ipads, indeed. wally, thank you. women leave it there appreciate it. >> thanks a lot. >> ty, to you. >> sue, 27 days to go until the fiscal cliff deadline and new data out showing one sector is pulling back their investments amid the uncertainty. phil lebeau in chicago with the story. phil? >> talking about business owners flat-out spooked about the economy, about the fiscal cliff and about whether or not there's going to be any certainty any time soon. we will explain and have the latest numbers coming up on "power lunch." i gave birth to my daughter on may 18th,

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lunch," comments from jpmorgan cfo doug bronstein presenting at the goldman sachs financial conference today, jpmorgan expects low rate ounce deposits to take $400 million out of net income in 2012 and 2013. mortgage only nation volume higher in the four rt quarter compared to the third quarter but the runoff on real te portfolios cut net interest income by 600 million in 2013 and expect revenues from markets to drop in the fourth quarter than the third quarter. tyler? bank of america's ceo saying the fiscal cliff could stretch into 2014 and asked in our poll whether you would agree. see what is coming up on street signs. mandy is here.

>> i sure am. maybe the season so be jolly, bill gross will be joining us again and he does not bring very good tidings. when was the last time you used your credit card to buy presents? maybe today. maybe yesterday. as a result, visa and master card are hitting 52-week highs. are they still good investments? and if the axe goes to mortgage deductions at the end of this year, who really gets slammed and what happens to our nascent housing recovery? we will get the answer on streets signs. >> see you then, mandy. thank you. the fast-approaching fiscal cliff causing a lot of nervousness among businesses. the uncertainty over taxes causing many of them to pull back on spending and hiring, especially among the small manufacturing companies. our phil lebeau with new and exclusive data on that very subject. what do the numbers look like, phil? >> not pretty, sue. we talked with the folks at pay net, who track about 20 million loans involving 17 million small businesses and essentially, what

they have found going back and looking at the data in the second quarter is essentially, this summer, a real pull back by small manufacturers, cutting investment in plants and equipment by 50%. the transportation equipment manufacturing sector, in particular that he saw a big dropoff, roughly 33%. when you take a look at small manufacturers overall, look at the end there. you see that dip there, going below the dotted line? that shows they have gone into negative territory in the second quarter when it comes to investment. the one silver lining here is small manufacturers, because they cut back, they are sitting on a lot of capital now. >> absolutely. there's a ton of cash on these balance sheets. they have hunkered down and kind of weathered the storm. there is a lot of investment poe tens that could ignite growth in the u.s. economy. and that's where i think they have kept their powder dry, full and uniquely positioned. >> they are uniquely positioned to use that capital if there's some resolution and tyler, these

the key. you know, i have talked to small business manufacturers here in the midwest and almost all of them say the same thing, they are fed up with the uncertainty. if they had some certainty about what was going to happen with the fiscal cliff, tax policy, you name it i think we would then, as everybody would say, get a bounce because these manufacturers would then put that capital to use. >> phil lebeau. thank you very much. we are talking uncertainty, despite all of it, down in washington, there are companies hiring right now and intend to next year. joining us is eric sherrin berg, the editor and chief of "inc" magazine. naming name notice december and january issue you the 100 biggest job creators in america. these are the 100 big pest and who are they? >> companies that are fast growing, i would say the most important thing. job creation always follows growth. that is something politician know. >> not just small companies, these are small and medium-sized companies as i remember the last time you were here, it is the bigger of the small that create the most? >> that's right.

that's right. i would say the best answer is it's the fastest growing of them all. now, in this particular year, turned out to be a lot of medium-sized companies much the bulk of the companies on our biggest job creator list companies between 50 and 250 million in revenue. >> fairly sizeable companies and they created how many jobs, 75,000 -- >> 73,000 jobs. >> i was struck by how many of these companies that are job creators are not high-tech at all. your number one job creator manages janitorial and security service. >> that was one, they created 17,000 jobs, universal services of america. a lot of the job creators are in health care, not surprising, fast growing that accounts for 60% of the economy anyway. business service another one, companies outsource work and save money for companies that don't want to add to their own headcount, makes a lot of sense,

too. >> also some from the food service area. saw alcohol banny, smash burger, created a job for my son, just recently hired. >> fci federal in leesburg, virginia, does outsource work for the federal government they review documents. it's grueling work. hard work that requires a lot of patience and only hire high school graduates. 95% of the people that work there don't have college degrees. what they get out of this job is an expertise, certifications, qualify them for jobs >> starting out jobs. of the 73,000 jobs that this group of 100 created, what was

the timeframe? wasn't all this year? >> over three years. >> over three years and you identified these companies how, briefly? >> we have a very big database already. it includes a lot of big job control the area of, as you might expect. we asked for application on inc.com. governors of all 50 states, like to brag about job creation in their state. we found a promising company there >> back to that take away, i this from the last time you were here, not just the little companies that create the jobs the fast growersing target incentives, target the growers. the january issue on newsstands today. sue? >> good stuff, guys.

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investors are being pushed to the sidelines, temporarily. apple shares hit, watch the stock down about 2%. casino stocks also under pressure on worries that the chinese government is increasing scrutiny over some of the macao casinos. oracle declared an accelerated second, third and fourth quarter dividend totaling 18 cents per share of outstanding common stock. this announcement comes ahead of a folks dividend tax increase next year.

back to you. >> seem marks thank you. power run down time. joining us, cnbc's kayla tausche, john carney. start with a new study finding high-frequency stragd hurting traditional largely retail investors taking away profits. another sign this is a threat to investors. kayla, should we be surprised that the pros are lunching once again? >> talked about this so much, tyler. what i found interesting about this study, it tried to quantify the advantage, saying in the future's market, high-frequency trade hearse tradeers had a $5 contract. i'm worried about the volatility overall. >> a sign of something nefarious going on or the stupid of retail investors try go into this game? >> it doesn't measure the

benefit bus the looks at the cost. there is a lot more lick ghitd market, easier transaction cost for every other investors is lower, unless you have the cost versus its benefits, it is a one-sided study, don't know on net are investors hurt by that. >> let's move to washington, debates on the fiscal cliff continue, corporate america accelerating dividend payments to help investors avoid higher taxes next year. is it really as altruistic as it seems? what say you, john? >> i think it's great. i think that these things are going to be taxed. makes sense to get the value out to the shareholders before it is taken away. >> i thought it was very interesting that robert frank said earlier today something like 27 of the companies that paid this heavily dominated by

insiders that would tell you what's driving these decisions. don't want to bet the ranch, the lower tax gains on that sale, money off the table. i think it is bare board shareholders. >> bad for shareholders, why? >> not bad for shareholders, if you are swooping into a stock to get the. >> president obama considering the "vogue" editor to be his next ambassador to france or the uk. one of the president's biggest fund raisers. anna win tour, the devil wears prada? the devil wears burberry here. >> i think this is a terrible idea. she had one of the most epic falling outs in a magazine with her vogue paris editor f she

can't get along with her paris counterpart in-house how can she be a diplomat negotiating with heads of state? i don't see it. >> i think obama has to be stuck here, that he is threatening to exile the queen of american fashion. going to be completely disrupted, take out anna win tour. no regime change. >> breaking news on netflix and disney. >> netflix shares popping now on an announcement that netflix and walt disney studios announced a multiyear deal to make netflix the exclusive u.s. subscription tv service for first-run live action and animated features from the walt disney studios a big deal, netflix secured similar deals with other smaller studios, like dream works animation. disney is certainly the biggest deal of its kind, the first major studio to come on board for netflix for this kind of

deal. this is going to start with its 2016 theatrically released feature films and also a big deal because disney was part of a starz deal that expired with netflix this year, shows those disney films, key for the family demographic, getting back on netflix. clearly, must be good for netflix -- for disney, otherwise they wouldn't have signed this deal. talked a lot about incremental digital revenue. >> begins in 2016 you said, julia, right? >> it begin us with the 2016 theatrical release films and also other releases that will be available starting in 2013, some of the direct-to-video new releases like the princesses and the fairies. >> i can't have enough princesses and fairies. thanks very much. next on cnbc, bill gross on "street signs." stay tuned. ♪ [ male announcer ] 'tis the season to discover the kid in all of us.

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